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Jul 14, 2017

Interest high in Plant World Nursery

Henry Anderson

The Citrus Growers Association says it is finding greater than expected success in spinning off the Plant World Nursery, located off the Southern Highway in Red Bank village, into its own company. The plan to raise six million dollars in equity of preferred shares through a bond managed by the Legacy Fund has now ballooned to eight point four million in preferred and common shares and they are quickly being snapped up. We get more from C.G.A. C.E.O. Henry Anderson.

 

Henry Anderson, C.E.O., Citrus Growers’ Association

“At the time we were looking at offering only preferred shares. After we floated that we got interest in common shares as well. It is important to understand that all of the agriculture industries in Belize has high leverage meaning most entities are borrowing from a bank or commercial entity. What we are trying to do is get equity in, so we are trying to get owners to come an participate in the industry. So, hopefully new model not only for citrus but for any agriculture entity in Belize. So that’s what we are working on, I can report to you that it has been going good so far, we are about two weeks from completing our meeting with the large institutional investors, we have had some meetings with some of the growers, we will need to go back and complete that but we are getting good interest and we expect that by October, November we will close, It will be open to the public I believe in August the it will be open to John Q. Public.”

 

The nursery hosts as many as three hundred and fifty thousand plants and is the center of the multi-million dollar industry’s efforts to fight off H.L.B. citrus greening disease and other pests.

 

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